Saved Bookmarks
| 1. |
Mr. Sharma buys 60 shares of nominal value of Rs 100 and he decides to sell them when they are at a premium of 60%. He invests the proceeds in shares of nominal value of Rs 50, quotes at 4% discount, paying 18% dividend annually. Calculate: (i) the sale proceeds, (ii) the number of shares he buys and (iii) the annual dividend from these shares [3 MARKS] |
|
Answer» Mr. Sharma buys 60 shares of nominal value of Rs 100 and he decides to sell them when they are at a premium of 60%. He invests the proceeds in shares of nominal value of Rs 50, quotes at 4% discount, paying 18% dividend annually. Calculate: (i) the sale proceeds, (ii) the number of shares he buys and (iii) the annual dividend from these shares [3 MARKS] |
|